GO
Loading...

Latest Business News Wires - Business Headlines

More

  • EU strikes compromise to set new climate target Thursday, 23 Oct 2014 | 7:20 PM ET

    BRUSSELS, Oct 24- European Union leaders struck a deal on a new target to cut carbon emissions out to 2030, calling it a new global standard but leaving critics warning that compromises had undermined the fight against climate change. Talks in Brussels stretched into the small hours of Friday as Poland battled to spare its coal industry and other states tweaked...

  • *Wall Street rally& higher U.S. yields lift dollar/yen. *Ebola scare in New York watched. SYDNEY, Oct 24- The yen languished at two-week lows against the dollar early on Friday, having come under renewed pressure overnight after an encouraging rally on Wall Street dampened demand for the safe haven currency.

  • BRUSSELS, Oct 24- European Union leaders reached a deal early on Friday to cut greenhouse gas emissions by at least 40 percent in 2030 versus 1990 levels, European Council President Herman Van Rompuy said in a Twitter message. EU leaders also agreed two other 2030 targets to increase renewable energy use to 27 percent of the total and to improve their measure of...

  • EU ALSO AGREES TO INCREASE RENEWABLE ENERGY USE TO AT LEAST 27 PCT, IMPROVE ENERGY EFFICIENCY TO AT LEAST 27 PCT- VAN ROMPUY.

  • EUROPEAN UNION REACHES DEAL TO CUT GREENHOUSE GASES BY AT LEAST 40 PERCENT VERSUS 1990 LEVELS- VAN ROMPUY.

  • S.Korea Q3 GDP grows s/adj 0.9 pct, matches forecasts Thursday, 23 Oct 2014 | 7:00 PM ET

    SEOUL, Oct 24- South Korea's economy grew a seasonally adjusted 0.9 percent in the third quarter of the year over the previous three months and matched market expectations, the central bank's estimates showed on Friday, underpinned by domestic consumption and construction investment. On an annual basis, Asia's fourth-largest economy expanded 3.2 percent in...

  • TABLE-South Korea Q3 GDP grows 0.9 pct s/adj vs Q2 Thursday, 23 Oct 2014 | 7:00 PM ET

    SEOUL, Oct 24- Following are details of the advance estimates of South Korea's gross domestic product for the July-September period from the central bank, the Bank of Korea: OVER PREVIOUS QUARTER, SEASONALLY ADJUSTED. Q3 2014* Q2 2014 Gross domestic product 0.9 0.5 Agriculture, forestry, fishing 1.9 -3.7 Manufacturing -0.9 0.9 Construction 1.8 0.2 Service...

  • Oct 23- Cable TV network AMC Networks Inc said on Thursday it agreed to pay $200 million for a 49.9 percent stake in BBC America and would take operational control of the channel. AMC Networks, the home of "The Walking Dead," "Mad Men" and "Breaking Bad," will have operational control of BBC America, including affiliate and advertising sales. BBC America will be managed as a...

  • MEXICO CITY, Oct 23- Mexico's America Movil on Thursday said its third-quarter net profit fell 38 percent compared to a year earlier as taxes rose and the cost of sales jumped. The company, which is controlled by the family of billionaire Carlos Slim, said profit in the July-September period fell to 10.12 billion pesos from 16.38 billion pesos a year earlier.

  • Canexus did not name the company, which signed a take-or-pay agreement in December 2013, and said the contract was cancelled after delays in connecting the crude-by-rail terminal to the Cold Lake pipeline system. "We are very disappointed that the delay in the tie-in of the Cold Lake pipeline system to the unit train facility triggered the termination right...

  • Oct 23- American Airlines Group, United Airlines and other carriers reported strong third-quarter profits on Thursday, helped by falling fuel costs, and mostly shrugged off concerns that Ebola could affect their outlook. American Airlines, already the world's largest airline by passenger traffic, promised in an earnings call to outstrip its competitors by...

  • Oct 23- Touchscreen chip maker Synaptics Inc reported lower-than-expected first-quarter revenue and profit, hurt by weak demand from smartphone makers, sending its shares down 13 percent in extended trading. "Given that certain Samsung designs that have come out recently are not using Synaptics touch ID products, we think that would probably be a real driver...

  • AMC buys 49.9 pct stake in BBC America Thursday, 23 Oct 2014 | 6:14 PM ET

    Oct 23- Cable TV network AMC Networks Inc said on Thursday it had agreed to buy a 49.9 percent stake BBC America for $200 million and would take operational control of the channel. BBC Worldwide North America will continue as a wholly owned regional business within BBC Worldwide, the commercial arm of the British Broadcasting Corporation.

  • WASHINGTON, Oct 23- Two U.S. senators demanded Thursday that safety regulators issue a nationwide recall of automobiles with potentially defective air bags that can launch metal shards into occupants. Senators Richard Blumenthal of Connecticut and Edward Markey of Massachusetts, both Democrats, said the National Highway Traffic Safety Administration...

  • Speculation over whether the UBS will stay in Stamford has swirled for years as the Swiss bank reorganizes and cuts staff, the Stamford Advocate reported. The Advocate said the building was "officially on the market, further signaling the Swiss banking giant is preparing to pack its bags and leave Stamford in the near future." However Jay Hruska, vice chairman of...

  • MEXICO CITY, Oct 23- Grupo Financiero Banorte, Mexico's fourth-largest bank by assets, said on Thursday its third-quarter net profit rose 15 percent from the same period last year, mostly as a result of its increased stake in a pensions and insurance unit. This largely reflected Banorte's buyout last year of Italian insurer Assicurazioni Generali's 49 percent...

  • EXCLUSIVE- LOCKHEED MARTIN, PENTAGON AGREE CONTRACT FOR 8 TH BATCH OF F-35 FIGHTER JETS, VALUED AROUND $4 BLN- SOURCES.

  • WASHINGTON, Oct 23- Lockheed Martin Corp and U.S. defense officials have reached agreement on the terms of a contract worth about $4 billion for an eighth batch of 43 F-35 fighter jets, sources familiar with the deal said on Thursday.

  • Oct 23- Pandora Media Inc, operator of the leading Internet radio service, reported a lower-than-expected increase in listeners in the third quarter, sending the company's shares down 6 percent in extended trading on Thursday. Despite its huge user base, Pandora faces stiff competition from Spotify, Apple Inc's Beats online streaming service, Google Inc, and...

  • CHICAGO, Oct 23- Determined not to repeat a holiday season that left millions of packages delivered too late and customers seething, United Parcel Service Inc and FedEx Corp are investing heavily in new infrastructure- but the continued dynamic growth of e-commerce will test those efforts. Even so, the rise in shipping originating with e-tailers including...